RegMed Daily, Closing Bell, 1/27/12, Verastem heralds IPO, weekly gains slide away with disappointing economic gains but NASDAQ up
End of Day, Cause and Effect …
EOD Commentary: The Dow and S&P continued to … drift lower … Friday as investors hesitated to stay … long ahead of a weekend … and following a handful of tepid earnings and economic reports in addition to ongoing jitters in the euro zone. The S&P 500 also turned lower, while the NASDAQ struggled to hold gains. The CBOE Volatility Index <widely considered the best gauge of fear in the market> traded above 18.
What we’re witnessing is a market that’s just taking a breather and profits … there’s a factor of seasonality moving into the markets … February tends to be a month in which we see some <M&A> and I think this is a market that’s had a … very good run so you’re going to see even …more profit taking.
Closing Bell: The NASDAQ closed UP +11.27 (+0.4%) to 2,816.55. The Dow closed DOWN -73.41 (-0.58%) to 12,661.22.
Who’s up … at the close:
- Aastrom (ASTM) +$0.03 <+1.50%> to $2.03;
- Athersys (ATHX) +$0.03 <+1.36%> to $1.91;
- BioTime (Amex: BTX) +$0.14 <+2.49%> to $5.77;
- Cytori (CYTX) +$0.03 <+0.87%> to $3.47;
- Dendreon (DNDN) +$0.38 <+2.66%> to $14.64;
- ImmunoCellular (OTC BB: IMUC) +$0.09 <+7.20%> to $1.34;
- Opexa (OPXA) +$0.02 <+2.08%> to $0.98;
- Osiris (OSIR) +$0.11 <+1.97%> to $5.70;
- Pluristam (PSTI) +$0.01 <+0.40%> to $2.53;
- StemCells (STEM) +$0.15 <+16.67%> to $1.05;
- Tengion(TNGN) +$0.02 <+3.47%> to $0.60; and
- ThermoGenesis (KOOL) +$0.121 <+14.19%> to $0.971.
**<Small and Moderate Volumes>
